Market Stalemate: BTC/ETH Key Level Battles Intensify
$BTC Daily line tests 110,000 resistance again without success, multiple positive factors lead to a long upper shadow, indicating weakness in bulls. If the ascending trend line breaks, a waterfall-style pullback may occur, and the risk of a double top formation should be monitored.
$ETH encounters triple strong resistance at 2720, showing exhaustion signals on the 4-hour chart, looking down at support levels of 2580-2550. Currently, the proportion of long positions is high, and open interest remains elevated, suggesting the market may use a pullback to cleanse bulls. The short-term wide fluctuation pattern between 2720-2500 is difficult to change. 🚀🚀
